Government of Jamaica
A major function of the Public Enterprises Division (PED) is to examine continuously the financial performance of the Public Sector Entities.
Performance is measured againsts budgets and where applicable, agreed targets under the Public Sector Financial programme.
The Division assesses the impact of enterprises on the overall economy and develops as well as advises the Financial Secretary and the Minister of Finance and the Public Service (MoFPS) on appropriate policy options for ownership and control of individual enterprises.
To this end, the Division is integrally involved in the privatisation programme of the government. The Division is also required to promote sound financial management practices within these enterprises in order to reduce dependency on Government’s resources and improve their financial viability.
To develop policies and monitor adherence to policy guidelines that will lead to improved financial management practices in Public Bodies.
To promote sound financial management practices within Public Bodies in order to minimise dependence on budgetary resources and improve flows from viable operations to the Consolidated Fund.
There are three (4) units within the Division, these being International Trade Relations, Research and Analysis, Policy Review and Development and the Tax Relief Unit.
The work of the Public Enterprises Division is carried out in the following units: